Changshu Xinghua Port (CXP)
CXP is a multipurpose cargo port centrally located within the Yangtze River Delta industrial zone, a high-growth industrial region which includes the cities of Suzhou, Wuxi and Changshu. CXP’s hinterland is one of China’s fastest growing industrial regions.
The port jetty of 1700 metres has eight berths, with two gantry container cranes and 10 multi-use portal cranes. There are presently 14 warehouses totalling 107,300m2, and additional yard storage totalling 608,147m2.
Water depth at the deepest point is 13.3m, permitting vessels of up to 100,000 DWT to load/unload at the port.
CXP’s cargo base consists of bulk cargo comprising mainly steel and paper and pulp related products and containers. CXP will continue to build on its diversified cargo base while maintaining its position as a regional hub for steel and paper and pulp products.
| Investment | Description |
|---|---|
| Date of acquisition | 2 December 2005 |
| Cost of acquisition | S$112.3 million |
| Valuation(1) | S$103.9 million |
| Distribution since acquisition | S$24.3 million |
| MIIF’s ownership | 38.0% interest |
| % of MIIF portfolio | 11.4% |
- Based on 31 March 2012 valuations.
Financials
| RMBm | 2012 | 2011 | Variance Fav/(Adv)(1) |
|---|---|---|---|
| Revenue | 71.7 | 65.9 | 8.8% |
| EBITDA | 30.9 | 34.3 | (9.9%) |
| EBITDA margin | 43.1% | 52.0% | (8.9%) |
| Distributions to MIIF (S$m) | - | - | -% |
- Favourable/(Adverse)
Asset gallery
Did you know?
- MIIF was the first infrastructure fund listed on the Singapore Exchange Securities Trading Limited (SGX).